JSW Group has been buzzing the rumour mills in the auto sector, first holding talks to enter into a joint venture with Renault in India, and now the latest reports reveal that the Indian multinational conglomerate wants to be the largest shareholder in JSW MG Motor India. Speaking to Economic Times, Parth Jindal, director of JSW MG, said that the company wants to increase its 35% stake as it partners with SAIC (Shanghai Automotive Industry Corporation), a Chinese state-owned automotive manufacturer, which is more focused on China and Europe.
JSW Group gears up to transform electric mobility
JSW Group is leaving no stone unturned to expand its footprint in the automobile sector. JSW MG Motor India is currently structured as a joint venture where Indian stakeholders collectively hold 51% ownership, while the Chinese automaker SAIC Motor retains a 49% stake. Within the Indian shareholding, JSW Group owns 35%, Indian financial institutions hold 8%, MG Motor India dealers have 3%, and employees of JSW MG Motor India possess 5%. Despite SAIC’s reduced share, it continues to provide technology and brand support to the venture, ensuring ongoing collaboration between the partners.
JSW has confirmed signing two separate licensing agreements with Chinese automakers, one for electric passenger vehicles and another for electric commercial vehicles, as it accelerates its push to become a full-spectrum electric mobility player. Jindal kept mum on naming the Chinese companies.
At the launch of the MG Select, the JSW MG’s first luxury automotive experience centre, Jindal confirmed that SAIC Motor has decided not to invest further capital in India, instead shifting its focus to China and Europe. He explained that JSW Group has expressed interest in increasing its investment, which would result in SAIC’s stake being diluted. The additional stake purchase by JSW will be financed through internal accruals.
First MG Select dealership launched
 JSW MG Motor India has launched MG Select, its new luxury automotive brand, with the first experience centre opening in Thane. Inspired by art galleries, these centres feature minimalist, white-themed spaces that spotlight each car as a work of art. MG Select aims to redefine luxury car ownership in India by offering personalised services, innovative technology, and a focus on sustainability. By the end of Q3 2025, 14 centres will open across 13 major cities. New models like the MG Cyberster and the MG M9 Presidential Limousine will be showcased for enthusiasts.
